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Home›Business & Finance›ABL lines up rig moving gig with Egyptian player
Business & Finance

April 13, 2026 · about 3 months ago

ABL lines up rig moving gig with Egyptian player

ABL, part of Oslo-listed global consultancy group ABL Group, has sealed a rig move pact with Petroleum Marine Services (PMS), Egypt’s offshore construction and services company.

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Rig move; Courtesy of ABL Group

Captain Tamer Gamil , ABL’s Country Manager in Egypt, explained: “We are pleased to sign this MoU with PMS, following previous engagements with the company. It reflects the close and successful collaboration between our companies, in support of Egyptian offshore energy.”

ABL, which supports 1,300 rig moves annually on average, offers services that include marine warranty survey, vessel surveys and inspections, tow master and OCR support, engineering technical studies, including leg penetration assessments (LPAs), site-specific assessments (SSAs), and the wider geo-consulting to support jack-ups and other types of rigs.

Walid Hegazy , Chairman and CEO of PMS, emphasized: “Building on a foundation of success – from our initial engineering services to the implementation of unified rig-moving solutions – this MoU reinforces our shared mission to elevate operational efficiency and safety standards within Egypt’s energy sector.

“It also reflects PMS’s commitment to deploying world-class expertise that drives the growth, sustainability, and long-term value of Egyptian offshore operations.”

The latest deal comes shortly after ABL won a deal at ExxonMobil’s offshore oil project in Guyana’s Stabroek block.

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